Market Report
Newport Coast, CA 92657
Single-Family Homes
Chartwell Escrow
Newport Coast, CA 92657
Mon Feb 06 2023
This week the median list price for Newport Coast, CA 92657 is $9,996,500 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has increased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $9,996,500 | |
| Median Price of New Listings | $4,547,500 | |
| Per Square Foot | $1,675 | |
| Average Days on Market | 221 | |
| Median Days on Market | 126 | |
| Price Decreased | 28% | |
| Price Increased | 3% | |
| Relisted | 3% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $28,725,000 | 13,011 | 0.5 - 1 acre | 6 | 10 | 5 | 0 | 1 | 350 |
| $14,490,000 | 8,699 | 0.25 - 0.5 acre | 5 | 7.5 | 22 | 1 | 0 | 178 |
| $5,637,500 | 4,107 | 8,000 - 10,000 sqft | 4 | 6 | 23 | 1 | 0 | 105 |
| $3,447,500 | 2,792 | 6,500 - 8,000 sqft | 4 | 3.5 | 25 | 2 | 1 | 133 |